Jobs Data May Steer Treasurys

ADP and Nonfarm Payrolls
Will Provide Further Clues
On the Near-Term Outlook

By

Danielle Reed

Updated Dec. 3, 2007 12:01 a.m. ET

The U.S. Treasury market will be largely responding to employment data this week, as the reports will provide further clues to the near-term economic outlook.

If the market receives confirmation from the employment reports -- the ADP report Wednesday and nonfarm payrolls Friday -- that the economy is slowing, Treasury yields will move lower and prices higher. Surprisingly strong employment reports could pressure the market in the...